May. 8, 2012 (China Knowledge) - Sichuan Coal Industry Group Ltd Co has announced plans to issue RMB 500 million worth of notes with a maturity of five years on the interbank market starting from May 11 to May 14.

Coupon rate will be determined in the process of bookbuilding. Both value date and payment due date is set on May 12, and the to-be-issued notes tradable May 16.

Proceeds from the issue will be used to repay bank loans and replenish working capital, said the issuer.